CPI of all items Japan 1990-2024
In 2024, the Consumer Price Index (CPI) of all items in Japan stood at 108.5 index points, up from 105.6 points in the previous year. The lowest price level in the past 20 years was recorded in 2011 and 2012, with a CPI of 94.5.
What is the CPI?
The CPI is a price index that measures the average price development of a set basket of goods and services purchased by households. Annual or monthly changes in the index are referred to as the inflation rate. In 2023, Japan recorded the highest inflation rate since 1982. Inflation slowed in 2024, reaching 2.7 percent. Culture and recreation was the category with the highest price level increase, followed by food. Japan’s core inflation, excluding volatile fresh food prices, stood at 2.5 percent.
Producer price indices in Japan
The producer price index (PPI) measures the price development of goods traded between businesses. At the same time, the services producer price index (SPPI) covers the price development of service products that are provided by businesses to other businesses and the central and local governments of Japan. Both the PPI and SSPI rose to a decade high in 2024. Producer price indices can serve as an early indicator of price developments in an economy before prices are passed on to consumers.